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Tuesday, January 29, 2019

PG&E Files For Bankruptcy Protection With $50 Billion In Debt

https://www.wsj.com/articles/pg-e-files-for-bankruptcy-following-california-wildfires-11548750142?mod=djemalertNEWS

It could have a real ripple effect throughout the power industry, not just with respect to the existing contracts that are there," said Luckey McDowell, a partner in Baker Botts’ restructuring group. "It could have a chilling effect in respect to new investment."





 I wonder whether Jesuit Jerry Brown will take time off from flooding America with Hispanics, Muslims, and Hindus, and answer a question or three about how, under his watch, his State's electrical power grid collapsed.

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